https://www.taxtmi.com/caselaws?id=20761 The Tribunal held that rental income from a property let out to managed companies was assessable as business income rather than income from house property. It emphasized the integral nature of the rental income to the efficient conduct of the business. The Tribunal allowed expenses related to the property as a deduction against business profits. Additionally, income from letting out furniture to managed companies was also assessed as business income. The High Court upheld the Tribunal's decision, ruling in favor of the assessee on all three issues without costs. en-us Fri, 30 Nov 1990 00:00:00 +0530 Tue, 17 Nov 2009 11:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20761 The Tribunal held that rental income from a property let out to managed companies was assessable as business income rather than income from house property. It emphasized the integral nature of the rental income to the efficient conduct of the business. The Tribunal allowed expenses related to the property as a deduction against business profits. Additionally, income from letting out furniture to managed companies was also assessed as business income. The High Court upheld the Tribunal's decision, ruling in favor of the assessee on all three issues without costs. Case-Laws Income Tax Fri, 30 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20761